China and Taiwan agree on RMB clearing

Taiwan’s central bank has agreed with its counterpart in China to create renminbi clearing in Taiwan. Trade settlements could shoot up to $12 billion by the end of the year as a result.

By Daniel Flatt

Sep 3, 2012

linkedin facebook twitter

What: The Central Bank of the Republic of China has signed a memorandum of understanding with the People’s Bank of China to establish renminbi clearing in Taiwan. It becomes live is just under two months.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Banks & Service Providers Payments Trade & Supply Chain Finance Treasury